Business Today
Budget 2014 Eliminate long-term capital gain for unlisted shares'
Simplify taxation: Best example is the need to establish fair market value for private investment in a start-up. Introduce GST.
'Eliminate long-term capital gain for unlisted shares'

'Eliminate long-term capital gain for unlisted shares'

Business Today spoke to Gopal Srinivasan, Chairman, TVS Capital Funds Limited on his exepectations from the Budget.


FULL COVERAGE:Union Budget 2014

1. Fiscal deficit reduction: Be as tough, as bold as innovative as needed. The government must be fiscally strong is the most obvious principle.  

2. Simplify taxation: Best example is the need to establish fair market value for private investment in a start-up. Introduce GST.

3. Focus on funding entrepreneurship as the "sabka vikas" enabler: Make institutional capital easily available by allowing charities and pensions to invest in AIFs. Introduce pass-through taxation for administrative ease for all AIFs. Eliminate long-term capital gain for unlisted shares. Funds will flow to small and mid-cap start-ups and unlisted companies.  And jobs will rapidly rise in the corporate sector.

 

Get latest news & live updates on the go on your phone with our News App. Download The Business Today news app on your device